Gurvinder Nokwal REALTOR®
For Sale Condo Apartment 74 days on market

$300,000 ↓ $24,900 from $324,900

Est. payment $1,328/moCalculate yours

242 Rideau Street 204, Lower Town - Sandy Hill, ON K1N 0B7

4003 - Sandy Hill, Lower Town - Sandy Hill, ON K1N 0B7

  • 1 Beds
  • 1 Baths
  • 1 Garage
  • 600 Sq Ft

Listing courtesy of ROYAL LEPAGE PERFORMANCE REALTY MLS® X13639736

About this home

EXCEPTIONAL VALUE! PRICED TO SELL! AN INCREDIBLE OPPORTUNITY TO OWN IN THE HEART OF DOWNTOWN OTTAWA FOR JUST $300,000! Whether you’re a first-time buyer, investor, professional, or parent looking for a home for your university student, this well-located 1-bedroom condominium offers outstanding value at its newly reduced price! UNDERGROUND PARKING AND STORAGE LOCKER INCLUDED! Enjoy a bright, carpet-free interior featuring hardwood and tile flooring, an open-concept living and dining area, and expansive floor-to-ceiling windows that fill the space with natural light. The functional kitchen features granite countertops, subway tile backsplash, stainless steel fridge and stove, and an extended breakfast bar. A versatile nook provides the perfect space for a home office or study area. Step outside onto your oversized private balcony, ideal for relaxing or entertaining. The generously sized bedroom offers comfort and functionality, while the contemporary 3-piece bathroom features an oversized walk-in shower. Convenient IN-SUITE LAUNDRY! Residents enjoy fantastic building amenities, including an indoor swimming pool, fully equipped fitness centre, and party room with a full kitchen. LOCATION, LOCATION, LOCATION! Just steps from the University of Ottawa, Parliament Hill, Rideau Centre, restaurants, shopping, and public transit. Condo fees include heat, water/sewer, building insurance, recreation facilities, property management and common area maintenance. OUTSTANDING DOWNTOWN VALUE WITH PARKING AND STORAGE INCLUDED! DON’T MISS THIS OPPORTUNITY!

Property details

Overview

Property Type
Condo Apartment
Style
Apartment
For
For Sale
Status
Price Change
Size
600 sqft

Interior

Bedrooms
1
Bathrooms
1
Kitchens
1
Basement
None

Building & Systems

Heating
Forced Air (Gas)
Cooling
Central Air
Exterior
Concrete

Lot & Parking

Parking
Underground garage · 1 total

Financial

Property Taxes
$3,946 (2025)
Condo Fee
$630/mo
Fee Includes
Heat Included, Water Included, Common Elements Included, Building Insurance Included
Pets
Yes-with Restrictions

Location

Neighbourhood
4003 - Sandy Hill
Cross Street
Rideau St

Listing

MLS® Number
X13639736
Days on Market
74
Listed On
2026-08-05
Possession
Flexible
Listed By
ROYAL LEPAGE PERFORMANCE REALTY

Rooms

Room Level Dimensions
Bedroom Main 9′ 8″ × 12′ 3″
Living Room Main 11′ 1″ × 17′ 2″
Laundry Main 3′ 4″ × 5′ 8″
Kitchen Main 11′ 1″ × 10′ 5″
Other Main 9′ 7″ × 6′ 6″
Bathroom Main 7′ 0″ × 9′ 2″

Features

Interior

  • Storage Area Lockers

Property

  • Public Transit
  • Rec./Commun.Centre

Amenities

  • Concierge
  • Elevator
  • Exercise Room
  • Indoor Pool
  • Party Room/Meeting Room
Included
Fridge, Stove, Microwave/Hood-fan, Dishwasher, Washer, Dryer

Mortgage calculator

Minimum for this price: $15,000 (5%)

Amortization, years

Estimated mortgage payment

$1,328 per month

Principal and interest
$1,328
Property tax
$329
Condo fees
$630
Estimated monthly cost
$2,287

Your mortgage

Mortgage amount
$240,000
Mortgage insurance
Not needed
Interest over 25 years
$158,501

Cash to close

Down payment
$60,000
Land transfer tax
$2,975
Total, before legal fees
$62,975
Talk to me about financing

Estimates only, not a mortgage offer or financial advice. Uses the Canadian fixed-rate convention (interest compounded twice a year), 2026 mortgage insurance premiums and Ontario land transfer tax. Your lender will confirm your actual rate and payment.

Location

242 Rideau Street 204, Lower Town - Sandy Hill, ON K1N 0B7 4003 - Sandy Hill, Lower Town - Sandy Hill, ON K1N 0B7
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Listing data is provided under license and deemed reliable but not guaranteed. MLS®, Multiple Listing Service® and associated logos are trademarks of The Canadian Real Estate Association (CREA).

$300,000 242 Rideau Street 204, Lower Town - Sandy Hill, ON K1N 0B7
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